2762 Cedar Lake Rd, Ely, MN 55731
Property image
Property image
FOR SALE
3D VIEW
10 ACRES

$499,999

  • 2 Beds
  • 2 Baths
  • 2,382 sqft (on 10 acres)

2762 Cedar Lake Rd, Ely, MN 55731

Est. Mortgage $3,193/mo*
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Home Highlights

Single-Family Home
Built in 1994
10 acre lot
$210/sqft
2 Car Garage

Local Information

  • Map ViewExplore the area around 2762 Cedar Lake Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Lovely 2-bedroom, 2-bath kit log home situated on 10 acres of diverse forest. Custom built in 1994 by Greatwood Log Homes; this quality crafted, one owner residence has been meticulously maintained and offers the perfect blend of rustic charm and modern comfort. The main level features a spacious bedroom and full bath, along with an open-concept kitchen, dining, and living area highlighted by a soaring vaulted ceiling, impressive stone chimney, cozy freestanding wood-burning stove, and wood floors. Just off the dining room, the inviting four-season porch is surrounded by windows on three sides, providing tranquil woodland views, abundant natural light, and direct access to the 14' x 20' back deck. The loft serves as a private primary suite with a bedroom, full bath, and versatile open area that can be customized to fit your lifestyle; whether as a sitting room, home office, reading nook, or exercise space. The partially finished lower level includes a bonus room with a window, a workshop, generous storage space. Year-round comfort is provided by an efficient off peak electric furnace and in-floor radiant heat. The home is served by a drilled well and a newly installed septic system. An attached two-stall garage is conveniently accessed through the main-level laundry room. Step outside to enjoy both front and back decks, a 20' x 11' insulated workshop/storage building, and a separate woodshed. Located just a few miles from town on well-maintained roads, this peaceful country property is surrounded by a diverse mix of mature trees and abundant wildlife, offering exceptional privacy and making it an ideal year round home or relaxing Northwoods retreat.
Last check for updates: about 2 hours ago
Listing courtesy of Patricia Bulinski, (218) 349-5595
Bear Island Realty LLC
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6127151
Also Listed on Lake Superior Area Realtors as distributed by MLS GRID.

Home Details for 2762 Cedar Lake Rd

Interior Features

Interior Details
Basement: Full,Partially Finished,Den/Office,Utility RoomNumber of Rooms: 12Types of Rooms: Bedroom, Bathroom, Bonus Room, Four Season Porch, Kitchen, Laundry, Living Room, Loft, Storage, Workshop
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (three quarters): 1
Dimensions and Layout
Living Area: 2382 Square FeetFoundation Area: 1260
Appliances & Utilities
Utilities: SatelliteAppliances: Dishwasher, Dryer, Range, Refrigerator, WasherDishwasherDryerLaundry: Main Level,Dryer Hook-Ups,Washer HookupRefrigeratorWasher
Heating & Cooling
Heating: Fireplace(s),Forced Air,In Floor Heat,Radiant,Wood,ElectricHas HeatingHeating Fuel: Fireplace S
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Free StandingHas a Fireplace
Gas & Electric
Electric: Lake Country Power
Windows, Doors, Floors & Walls
Window: Skylight(s)Door: Patio DoorFlooring: Hardwood Floors, Tiled Floors
Levels, Entrance, & Accessibility
Number of Stories: 1Floors: Hardwood Floors, Tiled Floors
View
Has a ViewView: Typical

Exterior Features

Exterior Home Features
Roof: MetalOther Structures: Storage Shed, WorkshopFoundation: Concrete Perimeter
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageHas an Attached GarageHas Open ParkingParking Spaces: 2Parking: Off Street,Gravel,Attached,Drains,Electrical Service,Slab
Frontage
Road Frontage: County RoadResponsible for Road Maintenance: Public Maintained RoadNot on Waterfront
Water & Sewer
Sewer: Private Sewer
Finished Area
Finished Area (above surface): 1772 Square FeetFinished Area (below surface): 610 Square Feet

Days on Market

Cumulative Days on Market: 16Days on Market: 45

Property Information

Year Built
Year Built: 1994
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Log
Building
Construction Materials: Log, Wood, Log Home
Property Information
Condition: Previously OwnedParcel Number: 465002003755

Price & Status

Price
List Price: $499,999Price Per Sqft: $210

Active Status

MLS Status: ACTIVE

Media

Location

Direction & Address
City: Ely
School Information
High School District: Ely #696

Agent Information

Listing Agent
Listing ID: 6127151

HOA

No HOA

Lot Information

Lot Area: 10 Acres

Miscellaneous

BasementMls Number: 6127151Attribution Contact: ***Above Grade Unfinished Area: 1772

Around this home

What Locals Say about Ely

At least 8 Trulia users voted on each feature.

  • 93 % Say there's wildlife

  • 90 % Say kids play outside

  • 89 % Say car is needed

  • 88 % Say parking is easy

  • 86 % Say it's quiet

  • 83 % Say yards are well-kept

  • 83 % Say it's dog friendly

  • 80 % Say there's holiday spirit

  • 78 % Say people would walk alone at night

  • 77 % Say it's walkable to restaurants

  • 75 % Say there are sidewalks

  • 73 % Say streets are well-lit

  • 72 % Say neighbors are friendly

  • 69 % Say it's walkable to grocery stores

  • 45 % Say there are community events

  • 36 % Say they plan to stay for at least 5 years

Sourced by Trulia users. Learn more about our methodology.
  • Mavericksells
    "Ely is surrounded by forests and it’s a lovely, peaceful place to reside. There are wonderful restaurants, shops, a great movie theater and a variety of outdoor activities to choose from year round. "
    0
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  • Derek H.
    "Ely is located at the end of the road. No roads go to much further north due to the boundary waters canoe area which strictly prohibits dwellings or any man made structures. Ely can seem like a long way from anywhere at times and the community recognizes this and most willing are willing to help whoever and whenever the need may arise. We take care of our own and then some . "
    7
    Flag
  • Jennifer P.
    "Don't move here if you don't like being out in the woods. ppl on this town take care of each other. even if you're new. as long as you show you want to be part of Ely. "
    0
    Flag
  • Jennifer P.
    "as a new comer to ely try to get into activities around town, especially if you have younger children who are not school age. jobs are not always easy to find and though the cost of living is fairly low you do money can get tight quickly. ely is a nice town but it's hard on you too. more work for less. your kids are safe here but still know who you're talking to before hand."
    3
    Flag
  • Rvhall
    "There is no public transport in this neighborhood , but Arrowhead transport does run in town for a nominal fee and there are weekly trips to Virginia Mn."
    0
    Flag
  • Lora L.
    "We have cab service and in town bus service. It’s a 25 block walk from first place in town to last. Generally, the city park,police,fire,library dot,and shopping district are within 8 blocks from anywhere."
    0
    Flag

Market trends in Ely

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
103
5MoM

Home Value

Trulia Estimate
$474K
Since last month
Decreased$4K (-0.8%)
Since last year
Increased$104K (+28.1%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +76% in the last 10 years
MonthEstimated value
2026
September 2026$473K
August 2026$477K
July 2026$385K
June 2026$386K
May 2026$364K
April 2026$357K
March 2026$341K
February 2026$353K
January 2026$329K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1326 N 21st Ave E, Ely, MN
1.02
Single-Family Home
$250,000
12/18/25
3
2
1,728
2581 Hallmark Dr, Ely, MN
1.16
Single-Family Home
$375,000
09/15/26
4
2
2,457
2211 Spaulding Dr, Ely, MN
0.95
Single-Family Home
$640,000
07/17/26
4
3
3,336
607 N Main St, Winton, MN
0.95
Single-Family Home
$415,000
03/06/26
2
1
1,088
1280 Heather St, Ely, MN
1.18
Single-Family Home
$205,000
02/20/26
3
3
3,048
1530 N 20th Ave E, Ely, MN
1.00
Single-Family Home
$130,000
07/31/26
3
1
1,373
1471 N Pioneer Rd, Ely, MN
1.51
Single-Family Home
$626,000
05/01/26
2
2
1,258

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
2826 Cedar Lake Rd, Ely, MN 55731
0.22
$495,000
4
3
2,722
For Sale
xxx Winton Rd, Winton, MN 55796
0.39
-
-
-
-
Off Market
244 West St, Winton, MN 55796
0.68
$172,700
3
1
1,035
Off Market
1161 Hwy 169, Ely, MN 55731
0.67
$350,900
3
2
1,586
Off Market
311 River St, Winton, MN 55796
0.72
$99,500
3
1
1,384
For Sale
309 Main St, Winton, MN 55796
0.78
-
6
2
2,700
Off Market
XXX Grant McMahan Blvd, Ely, MN 55731
0.73
-
-
-
-
Off Market
230 Main St, Winton, MN 55796
0.80
$59,900
1
1
280
Off Market
446 Front St N, Winton, MN 55796
0.83
$129,600
2
2
1,060
Off Market
145 Lake St, Winton, MN 55796
0.83
$137,600
3
1.5
1,350
Off Market
13336 FARM LAKE, Ely, MN 55731
0.86
$385,000
3
-
688
Off Market

Price and Tax history

DateEventPrice
Aug 4, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6127151
Listed For Sale
$499,999

LGBTQ Local Legal Protections

Patricia Bulinski, Bear Island Realty LLC
Agent Phone: (218) 349-5595
Based on information submitted to the MLS GRID as of 2026-09-19 02:07:22 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information

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Frequently asked questions about 2762 Cedar Lake Rd

  • What is the estimated monthly payment for 2762 Cedar Lake Rd?
    Based on a $499,999 list price with 20% down at today's rates, the estimated monthly payment for 2762 Cedar Lake Rd in Ely, MN is approximately $3,257 (about $2,736 principal & interest, $446 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • What do residents say about Ely?
    Residents describe Ely, MN as easy to park in, quiet, and well-kept. Most residents say you need a car. See homes for sale in Ely, MN.
  • What are the closest schools to 2762 Cedar Lake Rd?
    The closest schools to 2762 Cedar Lake Rd in Ely, MN are Memorial Middle School (rated 7/10), Memorial Secondary (High, rated 9/10), Washington Elementary School (Pre-K, rated 6/10).
  • What is 2762 Cedar Lake Rd estimated to be worth?
    Trulia's estimated value for 2762 Cedar Lake Rd in Ely, MN is $473,800.
  • Does 2762 Cedar Lake Rd have laundry facilities?
    Yes, 2762 Cedar Lake Rd in Ely, MN has in-unit laundry.
  • How big is the lot at 2762 Cedar Lake Rd?
    The lot at 2762 Cedar Lake Rd in Ely, MN is about 10 acres.
2762 Cedar Lake Rd, Ely, MN 55731 is a 2 bedroom, 2 bathroom, 2,382 sqft single-family home built in 1994. This property is currently available for sale and was listed by Lake Superior Area Realtors as distributed by MLS GRID on Aug 4, 2026. The MLS # for this home is MLS# 6127151.